Emigrant Direct - Good or Bad? A Brief Review
Posted by Cap in Reviews on April 29, 2005 |Well I finally wrote my preview on Emigrant Direct.
Click here to read the brief review on Emigrant Direct.
A lot of the information are from a super long discussion thread at Fatwallet, which can be read here. It’s over 2,600 post long, and contains over 150 pages as of this moment.
I have been following Emigrant Direct closely, ever since it was such a pain for me to get my account setup with them. I also got a good gist of how they work, via a good post from Jonathan at MyMoneyBlog.com
At the end though, I’ll advise some cautions in getting an account with Emigrant Direct. By all means you should try it out and see how well they work for you, but please deposit a smaller initial deposit and see how it goes first before you transfer over a larger sum of amount.
If there’s any errors or misinformation in my review, please let me know. Also, if you have any experiences of your own with Emigrant Direct, feel free to leave some comments!
Update: I eventually got an account at Emigrant Direct, about 5 months later. You can see the updates here. A full review is coming soon, but so far it’s not really a favorable review.
One Response to “Emigrant Direct - Good or Bad? A Brief Review”
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February 3rd, 2006 at 2:31 pm
Here’s my review, Emigrant Direct sucks.
The web site is horrible and unprofessional. Here’s the great gotcha. When you schedule a transfer, it will be in the pending transfers list for a few hours. Then it will disappear entirely for a day or so. This may lead you to believe that something went wrong and you may want to reschedule the transfer. DON’T. Giving you no information about the transfer is Emigrant Direct’s way of telling you that they don’t value you as a customer, but don’t worry the transfer will still go through at some point and may show up in your account one day.
If you scheduled another transfer, you will potentially get NSF fees from your bank. Fun!
I highly recommend ING Direct. It’s awesome, I’ve had that account for over 2 years now with no issues. It’s not worth the extra interest at Emigrant Direct, you’ll just eat it up with NSF fees anyway.